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FS Bancorp: 2Q Earnings Snapshot

MOUNTLAKE TERRACE, Wash. (AP) _ FS Bancorp Inc. (FSBW) on Thursday reported second-quarter earnings of $4.5 million.

The Mountlake Terrace, Washington-based bank said it had earnings of 98 cents per share. Earnings, adjusted for non-recurring costs, were $1.12 per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.40 per share.

The bank holding company posted revenue of $28.4 million in the period. Its revenue net of interest expense was $23.6 million, beating Street forecasts. Three analysts surveyed by Zacks expected $23.1 million.

FS Bancorp shares have climbed 20% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $51.30, a decline of 17% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FSBW at https://www.zacks.com/ap/FSBW